Capital One Financial Corp. (COF) stock rose 2% in the extended session Thursday after the financial company reported third-quarter profit and sales above Wall Street expectations. Capital One said it earned $2.4 billion, or $5.06 a share, in the quarter, compared with $1.3 billion, or $2.69 a share, in the third quarter of 2019. Adjusted for one-time items, the company earned $5.05 a share. Sales rose to $7.4 billion from $6.7 billion a year ago. Analysts polled by FactSet expected adjusted EPS of $2.14 on sales of $6.7 billion. "We are leaning in to resilience and we continue to be well served by the choices we made before the pandemic," founder and Chief Executive Richard D. Fairbank said in a statement. Capital One shares had ended the regular trading day up 4.1%.
-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
October 22, 2020 16:19 ET (20:19 GMT)
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